基础化工行业周报：龙佰集团收购泛能拓英国资产，鼎际得20万吨POE工业化装置投产-20251019

Investment Rating - The report maintains an "Outperform" rating for the industry [5] Core Views - The chemical sector has experienced a decline, with the CITIC Basic Chemical Index dropping by 5.76% this week [14] - Dragon Group's acquisition of Venator UK's titanium dioxide production assets for $69.9 million is a strategic move to enhance its overseas business [3] - Dingjide's new 200,000 tons POE industrial facility has been successfully launched, marking a significant milestone in its diversification into new materials [3] Market Performance - The Shanghai Composite Index fell by 1.47%, while the ChiNext Index dropped by 5.71% this week [14] - The top five sub-industries in terms of decline include synthetic resin (-10.64%) and modified plastics (-9.6%) [17] - The top ten companies with the highest gains include Sanfu Co. (+33.17%) and New Agricultural Co. (+21.48%) [18] Key Industry Dynamics - Dragon Group's acquisition is aimed at expanding its titanium dioxide production capabilities, which is crucial given the competitive landscape dominated by major players like Chemours and Tronox [3] - Dingjide's POE project is expected to support domestic production and reduce reliance on foreign technology [3] - The tire industry shows strong domestic competition, with companies like Sailun Tire and Linglong Tire being highlighted as potential investment opportunities [4] Investment Themes - The tire sector is identified as having strong growth potential, with domestic companies showing competitive advantages [4] - The consumer electronics sector is anticipated to recover, benefiting upstream material companies [4] - The phosphorous chemical industry is expected to tighten supply due to environmental regulations, making it a focus for investment [8] - The vitamin market is experiencing supply disruptions, particularly in vitamins A and E, creating potential investment opportunities [9]